EICIX vs. LITE

Last updated Jun 13, 2026

EICIX (EIC Value Fund) is Large Cap Value Equities fund managed by Equity Investment Corp, while LITE (Lumentum Holdings Inc.) is a stock. Over the past 10 years, EICIX returned 11.48%/yr vs 43.74%/yr for LITE. At a 0.31 correlation, their price movements are largely independent.

Performance

EICIX vs. LITE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EIC Value Fund (EICIX) and Lumentum Holdings Inc. (LITE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EICIX achieves a 5.81% return, which is significantly lower than LITE's 150.02% return. Over the past 10 years, EICIX has underperformed LITE with an annualized return of 11.48%, while LITE has yielded a comparatively higher 43.74% annualized return.

EICIX

• 1D: 0.80%
• 1M: 4.47%
• YTD: 5.81%
• 6M: 4.81%
• 1Y: 13.57%
• 3Y*: 15.33%
• 5Y*: 10.21%
• 10Y*: 11.48%

LITE

• 1D: 3.59%
• 1M: -5.06%
• YTD: 150.02%
• 6M: 184.13%
• 1Y: 1,017.52%
• 3Y*: 158.28%
• 5Y*: 62.72%
• 10Y*: 43.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EICIX vs. LITE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EICIX EIC Value Fund	5.81%	16.01%	11.55%	12.91%	0.90%	30.08%	4.27%	22.64%	-7.80%	14.42%
LITE Lumentum Holdings Inc.	150.02%	339.06%	60.15%	0.48%	-50.68%	11.57%	19.55%	88.76%	-14.09%	26.52%

Correlation

The correlation between EICIX and LITE is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Aug 4, 2015	0.31

Over the past year, the correlation between EICIX and LITE has dropped to 0.01 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.

Return for Risk

EICIX vs. LITE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EICIX

EICIX Risk / Return Rank: 23
EICIX Sharpe Ratio Rank: 24
EICIX Sortino Ratio Rank: 25
EICIX Omega Ratio Rank: 22
EICIX Calmar Ratio Rank: 26
EICIX Martin Ratio Rank: 18

LITE

LITE Risk / Return Rank: 99
LITE Sharpe Ratio Rank: 100
LITE Sortino Ratio Rank: 99
LITE Omega Ratio Rank: 98
LITE Calmar Ratio Rank: 100
LITE Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EICIX vs. LITE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EIC Value Fund (EICIX) and Lumentum Holdings Inc. (LITE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EICIX	LITE	Difference
Sharpe ratio: Return per unit of total volatility	1.14	11.43	-10.29
Sortino ratio: Return per unit of downside risk	1.71	5.42	-3.71
Omega ratio: Gain probability vs. loss probability	1.20	1.71	-0.52
Calmar ratio: Return relative to maximum drawdown	1.54	34.43	-32.89
Martin ratio: Return relative to average drawdown	3.81	126.26	-122.46

EICIX vs. LITE - Sharpe Ratio Comparison

The current EICIX Sharpe Ratio is 1.14, which is lower than the LITE Sharpe Ratio of 11.43. The chart below compares the historical Sharpe Ratios of EICIX and LITE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EICIX vs. LITE - Drawdown Comparison

The maximum EICIX drawdown since its inception was -34.26%, smaller than the maximum LITE drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for EICIX and LITE.

Drawdown Indicators

	EICIX	LITE	Difference
Max Drawdown Largest peak-to-trough decline	-34.26%	-66.89%	+32.63%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-28.70%	+20.15%
Max Drawdown (3Y) Largest decline over 3 years	-11.10%	-50.63%	+39.53%
Max Drawdown (5Y) Largest decline over 5 years	-17.36%	-66.48%	+49.12%
Max Drawdown (10Y) Largest decline over 10 years	-34.26%	-66.89%	+32.63%
Current Drawdown Current decline from peak	-3.66%	-12.49%	+8.83%
Average Drawdown Average peak-to-trough decline	-3.41%	-23.57%	+20.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	7.81%	-4.42%

Volatility

EICIX vs. LITE - Volatility Comparison

The current volatility for EIC Value Fund (EICIX) is 2.99%, while Lumentum Holdings Inc. (LITE) has a volatility of 28.12%. This indicates that EICIX experiences smaller price fluctuations and is considered to be less risky than LITE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EICIX	LITE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	28.12%	-25.13%
Volatility (6M) Calculated over the trailing 6-month period	8.16%	69.73%	-61.57%
Volatility (1Y) Calculated over the trailing 1-year period	11.55%	86.47%	-74.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	59.94%	-45.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.27%	56.62%	-40.35%

Dividends

EICIX vs. LITE - Dividend Comparison

EICIX's dividend yield for the trailing twelve months is around 8.46%, while LITE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EICIX EIC Value Fund	8.46%	8.95%	9.47%	4.09%	6.07%	11.14%	6.05%	7.71%	10.82%	8.51%	2.03%	3.42%
LITE Lumentum Holdings Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EICIX and LITE in my portfolio?

EICIX and LITE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EICIX or LITE?

LITE has higher volatility (28.12%) compared to EICIX (2.99%). In terms of maximum drawdown, EICIX dropped -34.26% vs LITE's -66.89%.

Which has better risk-adjusted returns?

LITE currently has the higher Sharpe Ratio (11.43 vs 1.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.